Somewhat Favorable Press Coverage Somewhat Unlikely to Impact DXP Enterprises (DXPE) Stock Price

News headlines about DXP Enterprises (NASDAQ:DXPE) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DXP Enterprises earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 47.847281467295 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of DXP Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub cut shares of DXP Enterprises from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. DXP Enterprises currently has an average rating of “Hold” and a consensus price target of $42.00.

DXP Enterprises (NASDAQ:DXPE) opened at $26.30 on Friday. DXP Enterprises has a 12-month low of $24.86 and a 12-month high of $42.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.79 and a current ratio of 2.51. The company has a market cap of $458.97, a price-to-earnings ratio of 26.93 and a beta of 2.73.

DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.06). DXP Enterprises had a net margin of 1.83% and a return on equity of 6.87%. The business had revenue of $251.90 million for the quarter, compared to the consensus estimate of $250.42 million. During the same quarter last year, the business earned $0.02 EPS. DXP Enterprises’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts forecast that DXP Enterprises will post 0.72 EPS for the current fiscal year.

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About DXP Enterprises

DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.

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